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July 13 - According to the China State Railway Group, in the first half of this year, the national railway system transported a total of 2.348 billion passengers, a year-on-year increase of 5.0%, setting a new record for the same period.Singapore Exchange: Securities market turnover surged 72% year-on-year in June, reaching S$44.6 billion. Derivatives trading volume increased by 31% year-on-year in June, reaching 34.3 million contracts.The yield on Japans 20-year government bonds fell 4 basis points to 3.71%.According to South Korean customs data, imports increased by 17.4% year-on-year from July 1 to 10, while exports increased by 53.9% year-on-year.July 13 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) surged in the week ending July 10, 2026, with the benchmark contract closing up 5.4%, mainly reflecting a strong rebound in international crude oil futures and a strengthening external vegetable oil market. The USDAs soybean oil supply and demand data had a relatively neutral impact on the market. The soybean oil/fuel oil price spread was 153.05 cents per gallon, compared to 164 cents a week earlier, reflecting improved biofuel margins. The USDAs supply and demand report released on Friday showed that the 2026/27 US soybean oil supply and demand remained unchanged, with production at 32.59 billion pounds, a 5.6% increase year-on-year. Soybean oil usage in biofuel production was 17.8 billion pounds, a 22.3% increase year-on-year. Exports were 400 million pounds, significantly lower than the previous years 1 billion pounds. The average annual price was 70 cents per pound, higher than the previous years 64 cents per pound.

Stellantis subsidiary found guilty in U.S. diesel pollution investigation and fined $300 million

Charlie Brooks

Aug 02, 2022 10:21

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Monday, after pleading guilty to criminal conspiracy in June, the U.S. branch of Fiat Chrysler Automobiles was forced to pay almost $300 million to resolve a multi-year diesel emissions fraud probe by the Justice Department.


FCA US LLC, previously Chrysler Group LLC, signed an agreement with the Justice Department to forfeit $203.6 million and pay a $96.1 million punishment. Additionally, the FCA US division of Stellantis NV was sentenced to three years of organizational probation.


More than 100,000 Jeep Grand Cherokee and Ram 1500 diesel vehicles produced in the United States between 2014 and 2016 were reportedly marketed with falsified emissions data.


The Department of Justice alleges that FCA conspired to cheat on U.S. emissions tests.


The $300 million criminal fine "is the outcome of a three-year investigation," as stated by Assistant Attorney General Todd Kim. This resolution underscores the Justice Department's commitment to holding businesses accountable for misleading authorities.


The government emphasized that FCA US had previously paid a $311 million civil penalty and over $183 million in compensation to over 63,000 diesel class action claimants.


The automaker must conduct an initial evaluation of its compliance with the Clean Air Act and inspection and testing procedures, submit a report, and produce at least two more reports. Reuters was the first to report the planned settlement in May.


According to the Justice Department, FCA US utilized deceptive software features to avoid regulatory scrutiny and falsely help diesel vehicles in complying with pollution laws.


Stellantis previously asserted that it had amassed 266 million euros in compensation funds. FCA merged with Peugeot (OTC:PUGOY) maker PSA in 2021 to become Stellantis.


Three FCA US employees are now awaiting trial on allegations of conspiring to defraud the United States and violating the Clean Air Act.


Volkswagen (ETR:VOWG p) pleaded guilty to criminal charges to settle its own pollution problem affecting around 600,000 U.S. automobiles in the "Dieselgate" controversy five years previously. Volkswagen has paid more than $30 billion in connection with this matter.

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